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Life and Health
Vietnamese, digital-only insurer OPES partners with SaaS Insurtech Sapiens to modernise core business
May 23 2023
Vietnamese Digital-only insurer OPES Insurance (OPES) has announced a partnership to modernise its core insurance business through SaaS Insurtech provider Sapiens. OPES will use Sapiens’s IDTIT...
NFRA: China's insurance industry performed well in Q1, but tighter supervision required
May 23 2023
At its first conference, China's new insurance regulator reiterated the importance of solvency ratio to protect against systemic risk.
MAS gives ex AIG and Liberty agent 8-year ban for corruption, alongside 15 months prison and SG$21,363 fine from State Courts
May 23 2023
Yeo Siew Liang James is charged for alleged bribes amounting to SG$93k, without AIG and Liberty's knowledge.
Viability of Net-Zero Insurance Alliance under further scrutiny as Swiss Re becomes latest founding member to exit
May 23 2023
Of NZIA's eight founding members, three have left in the last two months.
FWD expects expanded financial literacy program to benefit 25,000 students by 2024
May 22 2023
The ESG initiative has already rolled out to Hong Kong, Singapore, Indonesia and Vietnam. It will expand to Japan, Thailand, and the Philippines soon.
AIA Hong Kong announce customisable critical illness plan
May 22 2023
'AIA Assemble' allows customers to tailor their protection and sum assured based on individual needs and budget.
Karen Tan promoted to CRO, Life & Health Reinsurance at Swiss Re
May 19 2023
Tan has been with Swiss Re since 2014 and will also join the Life & Health Executive Committee.
AMP penalised AU$24 million for charging deceased customers
May 19 2023
Two AMP companies received over AU$1,000,000 from 2,000 deceased customers, despite having been informed of the customers' deaths.
MLC hit with AU$10 million penalty - ASIC promises to take similar action against insurers who don't act in good faith
May 19 2023
Australia's Federal Court found MLC contravened the ASIC Act, the Corporations Act, and the Insurance Contracts Act.
CBIRC bids farewell as National Financial Regulatory Administration inaugurated
May 18 2023
The newly established NFRA will oversee China's insurance and banking sectors, excluding securities.
Contrasting outlook for private and public insurers as Indian industry GDPI looks set to reach US$36.5 billion in two years: ICRA
May 18 2023
The analytics firm sees healthy growth driven by private insurers, while three PSU's are likely to need significant government support.
Zurich Q1 results: APAC sees 18% Increase in GWP, 42% surge in PVNBP
May 18 2023
The group achieved strong performance in all regions, with APAC and LATAM the standout achievers.
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